Hit to bottle unit caused by weaker-than-expected demand among consumers in Europe, and a move by drinks manufactures from glass to aluminium cans, a cheaper option
Hit to bottle unit caused by weaker-than-expected demand among consumers in Europe, and a switch by drinks manufactures from glass to aluminium cans, a cheaper optionAn Ardagh bottling plant: The company plans to reduce its glass-making capacity in Europe in the second half of the year.
This was driven by weaker-than-expected demand among consumers in Europe so far this year, but also reflects a move by drinks manufactures from glass to aluminium cans, a cheaper option. Group executives signalled on the call that they plan to reduce its glassmaking capacity in Europe in the second half of the year. This follows its recent move to close a glass bottle manufacturing plant in Texas and indefinitely halt production at another site in Seattle, Washington. Ardagh took a $131 million impairment charge against those facilities in the second quarter, according to its latest report.
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